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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Session 6: 13 May 2021 to 8 April 2026
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Displaying 1662 contributions

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Economy and Fair Work Committee

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Daniel Johnson

That is a really useful question.

Economy and Fair Work Committee

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Daniel Johnson

Despite your warning, Mr Stewart, I might ask a couple of brief questions to explore the issue a little further. Professor Robbie, is your contention that, if things that are permission based or licence based and are therefore within the scope and ambit of the state are quantised and turned into property, we could lose control over them? Is that at the heart of what you are saying might be the situation with carbon credits?

Economy and Fair Work Committee

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Daniel Johnson

Mr McLardie, I would be interested to hear your views on some of the points that we have just touched on and to find out whether you concur with the points that have been made.

Economy and Fair Work Committee

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 10 December 2025

Daniel Johnson

Having discussed lawyers doing what lawyers do best, we now turn to Murdo Fraser, the lawyer on the committee.

10:15  

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

With that, we have come to the conclusion of our questions. I thank our witnesses for their very insightful contributions. You have given us yet more to think about—I am not sure that we are entirely thankful for that. We will go away and contemplate your evidence during our deliberations.

12:23 Meeting continued in private until 12:42.  

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

I will ask another question before I bring in colleagues. I assume that, from your perspective, the purpose of the bill is to facilitate transactions—that is, it needs to capture that digital assets are things that can be owned and therefore can form part of interpersonal or commercial transactions, although I would guess that the transactions will be more in the latter domain. Is that the correct way to understand where the usefulness of the bill lies? To what extent is some of that already happening, both broadly and particularly within the Scots law jurisdiction?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

There is centralised control.

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

Mr Gray, I will bring you in, given that you work for a firm that specialises in commercial law. Do you agree with those points? Does the bill do what it needs to do in order to capture ownership, or is it missing elements, as we have just heard?

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

Good morning, and welcome to the 34th meeting in 2025 of the Economy and Fair Work Committee. This morning we will continue our evidence-taking sessions on the Digital Assets (Scotland) Bill with two panels. The first panel comprises Professor William Buchanan, director, and Peter Ferry, chief executive officer, both of the Scottish Centre of Excellence in Digital Trust and DLT; and Jamie Gray, partner, financial services regulatory team, at the solicitors firm Burness Paull LLP. We have received apologies from Sarah Boyack, Murdo Fraser and Stephen Kerr.

We will go straight to questions, if that is acceptable to the witnesses. The Digital Assets (Scotland) Bill is a short bill that brings digital assets within the scope of objects of property in Scots law. Does the bill adequately capture the definition? Will that be useful and usable, given the scope of current uses—and of potential future uses—of digital assets? Who would like to answer that question? Professor Buchanan, you seem to be trying to catch my eye.

Economy and Fair Work Committee [Draft]

Digital Assets (Scotland) Bill: Stage 1

Meeting date: 3 December 2025

Daniel Johnson

You mentioned that there is a difference between permissioned and non-permissioned ledgers. Is that the same thing as your point about consensus?